Introduction to International Trade
The objectives of this Learning Unit are to understand the concept of globalization, analyse the existing international agreements, become familiar with the main international organizations and examine the development of the world economy.
Learning Unit Summary
In recent years the world economy has been undergoing profound changes. Domestic trade has become global trade, where the entire world is a global market.
You are now probably working on a computer which was produced in China using Japanese chips and an American operating system. You may be wearing a pair of trousers made in Taiwan, Italian sunglasses and a Swiss watch. Perhaps tonight you will have a glass of Spanish or Chilean wine or a cup of Kenyan coffee with your dinner.
You may drive a Korean or German car, use a Finnish phone or smoke Cuban cigars. This is our reality today, which has become possible due to globalization.
- World Trade Agreements
- Review of World Trade Organisations
- Historical Background
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